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ECO 2000 - INTRODUCTION TO ECONOMICS
SESSION II, 2016/2017
Instructor:Professor George M. Greenlee
Office:ES Building, #313D (hours posted on door and Instructor’s web page)
Phone:727-791-2452 (Office)
727-444-6942 (Fax)
Email:
URL:
Important Dates:
Drop/Add: 1/13/2017
Course Dates: This course begins the week of: 01/09/2017 and ends 05/05/2017
Final Exam: 05/01/2017 –05/04/2017
College closed on:01/16/2017 Martin Luther King, Jr. Day
03/05 – 03/12/2017 Spring Break
04/14 – 04/16/2017 Spring Holiday
Academic Program: Social and Behavioral Sciences
Dean: Dr. Joseph Smiley
Office Location: Tarpon Springs, LY-150, (727) 712-5851
Academic Chair: Ms. Anja Waters Norman
Office Location: Clearwater, ES-313B, (727) 791-2671
COURSE OUTLINE:
This course is designed to provide students with a general knowledge of the structure and function of economic systems with major emphasis on the American economy and its current economic problems. 47 contact hours
TEXT REQUIRED:(a)Essentials of Economics, 3e
Author: Krugman; Publisher: Worth, 2014
ISBN 9781464187919
(b)Supplemental Reading as assigned.
(c) Wall Street Journal (Optional)
For Student Subscription go to:
1.Format of Teaching Method
a.Lecture/Discussion
b.Assigned reading in textbook and outside case reading
2.How Objectives Are Met
a.Lectures
b.Testing, both objective and subjective
c.Class discussion
d.Writing assignments
3.Attendance and Make-up Policy
a.The attendance policy is the responsibility of the individual instructor. It is my belief that regular
class attendance is essential and important to learning. Therefore, when a student has accumulated
three (3) absences, he or she will be considered to have excessive absences. Any additional absence
and the student is in jeopardy of being dropped from the course. If arriving afterattendance has
been taken, it is the student’s responsibility to ensure the roll is corrected.
b.If you stop attending class, this will not prevent the awarding of a final grade.
THE LAST DAY TO WITHDRAW WITH A GRADE OF “W” IS 03/22/2017.
c.Make-up tests and examinations may be permitted, provided there is anacceptable reason, and
the absence has been excused by the instructor. Make-ups must be taken on your first day’s
return to class. No student will be permitted to take more than one make-up test during the
session, under any circumstances.
4.Grading and Examinations
a.Grading Scale is as follows:
100 – 91 = A
90 – 81 = B
80 – 71 = C
70 – 61 = D
60 Below = F
b.Tests (45% of final grade) will be announced, usually a week in advance.
c.Pre-Chapter Quizzes (10%) Prior to the introduction of a new chapter there will be a 10 to 15
question fifteen minute quiz to ensure that the assigned chapters are read before there is a lecture
on the subject material. There will be no opportunity to make up a quiz if you are late or absent
on the day a quiz is given.
d.Writing Assignments:
Research Paper(15%) – You will be required to do a 1500 word research paper on a topic to be assigned during the semester and you will have approximately 4-5 weeks to complete this assignment. This research paper will be assigned near the midpoint in the semester.
Late papers will absolutely not be accepted under any circumstances.
e. Homework Assignments: (10%) There will be homework assignments in an online learning management system. The student will have one week to complete the assignment online. Once the due date has past there will be no opportunity to make up the assignment and a grade of zero will be given for that particular assignment.
f.Final Examination: (20%) The final exam is a comprehensive one.
Students maintaining a B average or better will be exempt from the final examination.
However, a student with a B average may improve his or her final grade by taking the final.
5.This course is designed to be welcoming to, accessible to, and usable by everyone, including students who are English-language learners, have a variety of learning styles, have disabilities, or are new to online learning. Be sure to let me know immediately if you encounter a required element or resource in the course that is not accessible to you. Also, let me know of changes I can make to the course so that it is more welcoming to, accessible to, or usable by students who take this course in the future.
If you have documentation of a disability or feel you may have a disability:
St. Petersburg College recognizes the importance of equal access to learning opportunities for all students. Accessibility Services (AS) is the campus office that works with students who have disabilities to provide and/or arrange reasonable accommodations. Students registered with AS, who are requesting accommodations, are encouraged to contact their instructor by the first week of the semester. Students who have, or think they may have, a disability (e.g. learning disability, ADD/ADHD, psychiatric, medical/orthopedic, vision, and/or hearing), are invited to contact the Accessibility Coordinator (AC) that serves your campus for a confidential discussion. To find your AC for your specific campus, please go to the college-wide Accessibility Services website:
6.The following classroom policies will be strictly enforced:
a.All pagers and cell phones must be turned off or put on silent mode.
b. Absolutely no food or drink is permitted in the classroom, including water.
First warning will result in student being asked to remove items from the classroom. Second warning student will be asked to leave classroom and not permitted to return until a conference is held with instructor.
7.Academic Honesty: Cheating, plagiarism, bribery, misrepresentation, conspiracy and fabrication
are defined in Rule: GHx23-4.361, Student Affairs: Academic Honesty Guidelines, Classroom Behavior. The policy can be found at:
READINGAND TOPICS
Chapter 01:First Principles
Chapter 02:Economic Models: Trade-offs and Trade
Chapter 03:Supply and Demand
Chapter 04: Price Controls and Quotas: Meddling with Markets
Chapter 05:Elasticity and Taxation
Chapter 06: Behind the Supply Curve: Inputs and Costs
Chapter 07: Perfect Competition and the Supply Curve
Chapter 08:Monopoly, Oligopoly, and Monopolistic Competition
Chapter 10:Macroeconomics: The Big Picture
Chapter 11:GDP and CPI: Tracking the Macroeconomy
Chapter 12:Unemployment and Inflation
Chapter 13:Long-Run Economic Growth
Chapter 14:Aggregate Demand and Aggregate Supply
Chapter 15:Fiscal Policy
Chapter 17:Monetary Policy
*Chapter 09:Externalities and Public Goods
*Chapter 16:Money, Banking, and the Federal Reserve System
*Chapter 19:International Trade, Capital Flows, and Exchange Rates
*Optional
Students are responsible for all assigned readings.
Major Learning Outcomes:
1.The student will demonstrate knowledge of the basic tools needed to understand current economic theory.
2.The student will develop an understanding of basic economic principles.
3.The student will develop an understanding of the operation of the market economy.
4.The student will develop an understanding of the role of government within the framework of a free enterprise system.
5.The student will develop an understanding of the effects of aggregate demand and aggregate supply upon employment, output, and prices.
6.The student will demonstrate knowledge of the usefulness of monetary and fiscal policy as methods of implementing national economic goals.
7.The student will develop an understanding of the importance of international trade and the role of foreign exchange in international trade.
8.The student will develop an understanding of how basic economic theory is used to examine current economic problems.
9.The student will demonstrate knowledge of the different market models studied in microeconomics.
10.The student will develop an understanding of price and output determination for a firm.
11.The student will develop an understanding of how individual markets work.
12.The student will develop an understanding of the concept of elasticity as it relates to economics.
13. The student will develop an understanding of personal financial planning.
Course Objectives Stated in Performance Terms:
- The student will demonstrate knowledge of the basic tools needed to understand current economic theory by:
a.defining economic terminology.
b.identifying and recalling mathematical formulas used to solve problems involving basic economic principles
c.identifying, illustrating and interpreting graphs.
d.recalling basic math and algebra.
- The student will develop an understanding of basic economic principles by:
a.illustrating these principles graphically.
b.identifying and explaining these principles.
3.The student will develop an understanding of the operation of the market economy by:
a.defining basic supply and demand data.
b.recognizing a market equilibrium condition.
c.determining the equilibrium effects of changes in demand and/or supply.
- The student will develop an understanding of the role of government within the framework of a free enterprise system by:
a.recalling the economic functions of government.
b.determining specific government programs which augment and promote free enterprise.
- The student will develop an understanding of the effects of aggregate demand and aggregate supply upon employment, output and prices by:
a.identifying the macroeconomic equilibrium at various levels of aggregate demand.
b.classifying the individual components of aggregate demand and aggregate supply.
6.The student will demonstrate knowledge of the usefulness of monetary and fiscal policy as methods of implementing national economic goals by recalling the fiscal and monetary policies appropriate to each level of economic activity.
- The student will develop an understanding of the importance of international trade and the role of foreign exchange in international trade by:
a.identifying the basic reasons for specialization and trade.
b.explaining the relationship between foreign exchange and international trade.
8.The student will develop an understanding of how basic economic theory is used to examine current economic problems by:
a.grouping the various concepts and theories into possible solutions for current economic problems.
b.recognizing the apparent incompatibility between basic economic objectives.
9.The student will demonstrate knowledge of the different market models studied in microeconomics by:
a.identifying the characteristics of each market model.
b.recognizing differences and similarities between the market models.
10.The student will develop an understanding of price and output determination for a firm by:
a.determining the most profitable level of output using the total revenue-total cost method.
b.determining the most profitable level of output using the marginal revenue-marginal cost method.
11.The student will develop an understanding of how individual markets work by determining the change in equilibrium price and output when there is a change in demand and/or supply.
- The student will develop an understanding of the concept of elasticity as it relates to economics by:
a.identifying the different types of elasticity.
b.identifying the factors which make products elastic.
c.identifying the factors which make products inelastic.
13. The student will demonstrate knowledge of personal planning by:
a. identifying short-term and long-term personal financial goals.
b. identifying anticipated and unanticipated income and expenses.
c. examining components and purposes of a personal net worth statement.
d. developing a personal budget.
e. investigating the effects of government actions and economic conditions on financial planning.
f. explaining how economics influences a personal financial plan.
SYLLABUS ADDENDUM
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